previously i failed to spot the area of resistance highlighted so price may in fact drop a teensy bit further (or it may not!) and hopefully we'll see a rejection to indicate our flight upwards :) I think SL may need to be pushed down slightly to accomodate for this potential movement but if your trading style calls for a lengthening or shortening of sl (or just leaving it where it is) then do so :)
Comment:
morning star pattern on the hourly - if it closes as a strong green i have no reason to believe price will go down any further